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Key Details
Sold Price $900,000
Property Type Condo
Sub Type Apartment Style,Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,480 sqft
Price per Sqft $72
Subdivision Not In Development
MLS Listing ID 656988
Sold Date 05/14/21
Bedrooms 14
Full Baths 9
Year Built 1900
Annual Tax Amount $7,177
Lot Size 4,400 Sqft
Property Description
Add this turnkey, 9-unit building in Bethlehem to your portfolio today! Most units have been renovated over the last few years. The building consists of 4, 1-bed apartments; 5, 2-bed apartments and on-site coin-operated laundry. All leases are a yearly lease with an automatic 5% increase built in and an automatic 1 year renewal. All security deposits are in place. This property has had superb cash flow over the years and still has some upside available. Tenant pays: Electric Landlord pays: Water/Sewer/Trash, Snow/Ice Removal, and & Common area electric.
Location
State PA
County Northampton
Area Bethlehem-South
Interior
Cooling No Air
Exterior
Garage None
Building
Sewer Public
Water Public
New Construction No
Schools
School District Bethlehem
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Steel City Realty